Date/Time: Sun, 22 Apr 2018 19:53:23 +0000
Looking for a Rate of Price Change indicator
|User48273 - Posts: 1|
In a trading platform I used to have access to (it was far inferior to Sierra Chart, incidentally), there was a feature where you could highlight a period of time on a chart and get a rate of change for price in that time period. You would highlight an area the same way you would for a Fib retracement pattern. It was like line slope and is used to quantify rapid or slow price change for a given period of time.
I can visualize this on a chart but if I change the time scale by compressing or expanding the time scale, I can usually make any slope I want. Getting a numerical quantification of the rate of price change that is independent of how I have the time scale compressed or expanded would be a great thing to have. This would help me in my strategy formulation for trade identification, management and risk.
My question is then, does such a thing exist in Sierra Chart? Again, this is a convenience feature because I CAN visualize it as long as I am careful and consistent about my time scaling.
I hope this is clear enough for you.
Sierra Chart Engineering - Posts: 59319
For this we recommend using the Chart Calculator tool.
You will need to enable the Angle display and understand how the angle is calculated.
The Angle is what you are after.
Sierra Chart Support - Engineering Level
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Date Time Of Last Edit: 2013-03-23 22:53:56
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